Airship AI Q3: $1.2M revenue, $2.9M operating loss, $166M pipeline

Airship AI Holdings, Inc.

2025-Q3 EPS reported $0.15 revenue$8,827,368

Q3 net revenues $1.2M; gross profit $0.6M (51% margin); operating loss $2.9M.
Net income $6.4M ($0.20 basic EPS) driven by $8.8M noncash gains from fair value adjustments.
Backlog $11M; validated pipeline $166M across federal and commercial verticals.
Subsequent to quarter end, raised $9.7M from warrant exercise; cash $5.8M at quarter end.
Management cites federal acquisition delays but sees tailwinds from border security funding ($70B+).

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.